Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

GBPUSD: weekly review (12/12)

 Tatiana Norkina, FBS analyst

Daily. Currency pair has been restoring to 1.5750 over the past week, after upgrading to 1.5540 lows. At these levels, bulls met the Kijun-sen, which still does not pass them up. "Hanging man" appeared on the candle chart, which can become reversal pattern after confirmation. In this case, you can expect a resumption of the downtrend.

Ichimoku is entirely on the side of the bears - all lines are directed downwards.

Oscillators indicate short-term bullish signals.

Graph. Daily GBP/USD

H4. At the four-hour time frame the pair entered into the cloud, thereby denoting sideways market conditions. Tenkan and Kijun formed a golden cross, which supports bulls today. Line Senkou Span A came as close to its partner as possible, threatening to change the nature of the cloud.

However, bulls will face some difficulties to break the resistance of 1.5740, as there is an upper limit of the Ichimoku cloud.

Graph. H4 GBP/USD

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